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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 29, 2024
Mar. 31, 2024
CURRENT ASSETS    
Cash and cash equivalents (Note E) $ 31,207 $ 21,027
Accounts and other receivables, net (Note G) 15,672 14,731
Inventories 1,005 842
Prepaid expenses and other current assets (Note H) 806 2,176
Total current assets 48,690 38,776
Property and equipment, net of accumulated depreciation of $12,095 and $11,687, respectively 2,394 2,673
Operating lease assets (Note Q) 5,494 6,203
Goodwill 95 95
Intangible asset, net (Note I) 608 695
Deferred income taxes 295 275
Other assets 127 141
Total assets 57,703 48,858
CURRENT LIABILITIES    
Current portion of long-term debt 2,400 0
Accounts payable 6,395 5,744
Accrued expenses and other current liabilities (Note K) 5,052 7,615
Current portion of operating lease liabilities (Note Q) 1,907 1,887
Deferred franchise fees 318 327
Total current liabilities 16,072 15,573
Long-term debt, net of unamortized debt issuance costs of $413 and $438, respectively (Note P) 57,187 59,562
Operating lease liabilities (Note Q) 4,084 4,937
Other liabilities 861 810
Deferred franchise fees 783 899
Total liabilities 78,987 81,781
Commitments and Contingencies  
STOCKHOLDERS’ DEFICIT    
Common stock, $.01 par value; 30,000,000 shares authorized; 9,374,130 shares issued; and 4,084,615 shares outstanding at September 29, 2024 and March 31, 2024 94 94
Additional paid-in capital 63,353 62,936
Retained earnings (Accumulated deficit) 1,931 (9,291)
Stockholders’ equity before treasury stock 65,378 53,739
Treasury stock, at cost, 5,289,515 shares at September 29, 2024 and March 31, 2024 (86,662) (86,662)
Total stockholders’ deficit (21,284) (32,923)
Total liabilities and stockholders’ deficit $ 57,703 $ 48,858